Zebra Technologies (NASDAQ:ZBRA) Price Target Raised to $380.00 at Stephens

Zebra Technologies (NASDAQ:ZBRA) had its price objective lifted by Stephens from $335.00 to $380.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

Several other brokerages have also issued reports on ZBRA. Needham & Company LLC raised their price target on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a buy rating in a research note on Wednesday. StockNews.com downgraded Zebra Technologies from a hold rating to a sell rating in a research report on Friday, February 16th. Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 target price on the stock in a research note on Monday, April 8th. Robert W. Baird increased their price target on Zebra Technologies from $312.00 to $330.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, Barclays initiated coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They issued an equal weight rating and a $292.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $310.64.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $309.05 on Wednesday. The company has a market capitalization of $15.88 billion, a PE ratio of 61.32 and a beta of 1.75. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average price is $288.42 and its 200-day moving average price is $257.08. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $3.59 EPS. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. On average, equities analysts anticipate that Zebra Technologies will post 9.76 EPS for the current year.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Zebra Technologies by 663.2% during the fourth quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after buying an additional 840,169 shares during the period. Boston Partners raised its holdings in shares of Zebra Technologies by 107.1% in the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after acquiring an additional 522,779 shares in the last quarter. Norges Bank bought a new stake in shares of Zebra Technologies during the 4th quarter valued at about $102,886,000. APG Asset Management US Inc. purchased a new position in shares of Zebra Technologies during the fourth quarter worth about $67,476,000. Finally, Fort Pitt Capital Group LLC increased its position in shares of Zebra Technologies by 24,337.4% in the third quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock worth $56,010,000 after purchasing an additional 235,829 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.